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Which Statement Describes How Consumer Demand Differs from Consumer Wants

Question 123

Multiple Choice

Which statement describes how consumer demand differs from consumer wants?  


A)  Demand is only for necessities, but wants are for luxuries. 
B)  Demand is only for luxuries, but wants are for necessities. 
C)  Demand takes into account the ability to pay, but wants do NOT take this into account. 
D)  Demand takes into account benefits received, but wants do NOT take this into account.

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